News

Jul 19, 2023

Victory Capital Management Inc. Sells 143,592 Shares of TETRA Technologies, Inc. (NYSE:TTI)

Victory Capital Management Inc. cut its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the

Victory Capital Management Inc. cut its position in shares of TETRA Technologies, Inc. (NYSE:TTI - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,552,126 shares of the oil and gas company's stock after selling 143,592 shares during the quarter. Victory Capital Management Inc. owned approximately 1.20% of TETRA Technologies worth $4,113,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Raymond James & Associates increased its position in shares of TETRA Technologies by 4.6% during the 1st quarter. Raymond James & Associates now owns 66,683 shares of the oil and gas company's stock valued at $274,000 after purchasing an additional 2,946 shares during the last quarter. Chartwell Investment Partners LLC grew its position in TETRA Technologies by 3.5% during the 1st quarter. Chartwell Investment Partners LLC now owns 134,874 shares of the oil and gas company's stock worth $358,000 after acquiring an additional 4,528 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in TETRA Technologies by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 325,908 shares of the oil and gas company's stock worth $1,128,000 after acquiring an additional 4,622 shares during the last quarter. JPMorgan Chase & Co. grew its position in TETRA Technologies by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 73,337 shares of the oil and gas company's stock worth $254,000 after acquiring an additional 5,314 shares during the last quarter. Finally, Comerica Bank grew its position in TETRA Technologies by 14.8% during the 4th quarter. Comerica Bank now owns 54,300 shares of the oil and gas company's stock worth $214,000 after acquiring an additional 7,000 shares during the last quarter. 60.56% of the stock is currently owned by institutional investors.

TTI opened at $5.08 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 2.12. TETRA Technologies, Inc. has a 52-week low of $2.43 and a 52-week high of $5.42. The stock has a market capitalization of $656.71 million, a PE ratio of 28.20 and a beta of 2.63. The stock's 50 day moving average price is $3.42 and its 200-day moving average price is $3.30.

TETRA Technologies (NYSE:TTI - Get Free Report) last posted its earnings results on Monday, May 1st. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). TETRA Technologies had a net margin of 3.75% and a return on equity of 24.47%. The business had revenue of $146.21 million for the quarter, compared to analysts' expectations of $150.10 million. On average, equities research analysts predict that TETRA Technologies, Inc. will post 0.23 EPS for the current year.

Several research firms recently issued reports on TTI. TheStreet upgraded TETRA Technologies from a "c" rating to a "b-" rating in a research report on Tuesday. Stifel Nicolaus raised their price target on TETRA Technologies from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, StockNews.com upgraded TETRA Technologies from a "hold" rating to a "buy" rating in a research report on Wednesday.

Check Out Our Latest Stock Analysis on TTI

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider TETRA Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TETRA Technologies wasn't on the list.

While TETRA Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.